IndusInd Bank approves raising Rs 20,000 crore

IndusInd Bank board has approved a proposal to raise up to Rs 20,000 crore in debt on a private placement basis to fund its business growth.

As on March 31, the capital adequacy ratio of the bank stood at 18.42% (tier-I capital being at 16.80% and tier-II capital at 1.62%) as percentage of its risk-weighted assets.

The fund-raising plan is subject to the approval of its shareholders.

• IndusInd Bank Headquarters: Mumbai;
• CEO: Sumant Kathpalia